There's a new contender in the outdoor sports world that's captured the hearts of family and friends: PaddleSmash. The brainchild of structural engineer Joe Bingham, the game is a cross between pickleball and spikeball. Tim Swindell and Scott Brown inked deals with Mark Cuban and Robert Herjavec! Following “Shark Tank”, “PaddleSmash” has an estimated valuation of $3 million.
Founder
The path from backyard invention to market sensation is not a one-man journey. Tim Swindell and Scott Brown were friends of inventor Joe Bingham. Both are experienced entrepreneurs with strong backgrounds in the toys and games industry.
Their encounter with PaddleSmash was love at first sight. Recognizing its potential, they teamed up with Bingham to improve the game and prepare it for public attention.
Their expertise helped grow PaddleSmash into a mass-market product. From enhancing device durability and portability to strategic marketing and networking, the duo’s dedication is evident in every decision.
Founding PaddleSmash
Joe put Swindell and Brown at the helm, two gentlemen who didn't want to let their partners down. Launched in October 2022, it didn't take long for them to attract media attention and already generate six figures in annual revenue. The startup has received coverage from The Salt Lake Tribune, ABC4 Utah and Forbes.
Tim and Scott have many connections, including one who helped the founders land a spot on NBC's “Today Show.” As fate would have it, a Shark Tank producer was watching the episode. They were invited and guaranteed a second appearance on national television.
Despite the high stakes, the founders' passion and the product's appeal shine through. Although they are both veterans in their respective fields, the two were still nervous before the game. Luckily the Sharks didn't go all out because Cuban and Herjavik were having fun doing it.
After Shark Tank
Shark Tank's positive publicity attracted a wave of new customers, and the business earned about $2 million in 2023. The deal with Mark and Robert never went through because the founders changed their minds. Additionally, media outlets have been contacted for interviews, and customers have asked when the product will be available in their countries.
At least 3.5 million people watched the live broadcast, with millions more watching via syndication. They only learned a few weeks ago that the episode would air, but they were prepared for a surge in orders. The original inventor also received a 1% royalty, so he easily became a millionaire from the product.
You can purchase PaddleSmash gear at PaddleSmash.com, Amazon, Dick's Sporting Goods and Scheels. The complete set sells for approximately $199. That's the starting price on Amazon, where it has a 4.4-star rating out of 93 reviews.
The game is growing rapidly with a thriving player community and increasing retail presence. The company has experienced a 500% growth spurt and is now a household name in 47 states. PaddleSmash is now available in Canada! Given their success, it was only a matter of time before copycat products started popping up.
Categories: Shark Tank
Source: svlsf.edu.vn